Khoza nets R16.5m ‘finders fee’ windfall

2010-11-14 10:52

The Premier Soccer League (PSL) reported a whopping R48-million profit in its financial year, with the bulk of the money being shared among the clubs.

At its annual general meeting yesterday PSL chairperson Irvin Khoza reported that the league was in a healthy financial position, adding that each of the 16 Premiership clubs received an ex-gratia amount of R2.5 million while R400 000 went to each of the 16 National First Division (NFD) sides.

There were other interesting figures in the financial statement, however, with Khoza in line to receive a staggering R16.5 million finder’s fee and Peter Mancer’s Diversity Management pocketing R14.4 million, which PSL chief operating officer Ronnie Schloss said was for all the league’s marketing activities.

The finder’s fee is payable to a person who has participated in the successful conclusion of the broadcast agreement with SuperSport.

The fee was approved and authorised by the board of governors on October 30 in 2007 and final allocations were confirmed on October 15, 2008.

A total amount of R19.2 million was paid out in the current financial year, with Santos chairperson Goolam Allie receiving R1.7 million.

Other members – Kaizer Motaung, Mato Madlala, John Comitis, David Thidiela and Anastasia Tsiclas – received their share in the previous financial year.

Schloss said Khoza did not take his share when others took theirs.

“The league has set aside what is due to him because he did not take his money when others got theirs,” said Schloss.

Former PSL general manager Ace Ncobo, who left the league under controversial circumstances, got R1.1 million.

Ncobo, who had accused football of being “rotten to the core” but later declined an invitation to testify at the Semenya Commission which investigated match-fixing allegations, acknowledged receipt of the settlement but refused to elaborate further on whether it was a golden handshake or monies owed to him.

The differences between the league and Safa which were to top the agenda were not discussed because the matter had been addressed at a joint liaison committee (JLC) meeting on Tuesday, Khoza said.

The task team, which was tasked with formulating a proposal to improve the working relationship between Safa and the league, found that their disagreements were based on personalities and were indicative of a lack of trust emanating from infrequent interaction.

The Molefi Oliphant-led committee concluded that the JLC was a perfect platform to resolve the differences.

» Meanwhile, Schloss said the league would deal with Maritzburg United’s complaint – about the switching of the Telkom Knockout semifinal against Orlando Pirates to Durban – tomorrow.

United have written a letter to the league registering their disagreement with the league’s competitions committee’s decision to move their match from their home, Harry Gwala, to Chatsworth Stadium.

Schloss said the New Safety and Security Bill required the national police commissioner to endorse all the venues after completing risk management assessments. But he said United’s complaint – which includes a letter from local police saying they were capable of dealing with the crowd in Pietermaritzburg – would be dealt with.

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